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Parkin Co (DFM:PARKIN) EBIT : د.إ125.3 Mil (TTM As of Mar. 2024)


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What is Parkin Co EBIT?

Parkin Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was د.إ125.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ125.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Parkin Co's annualized ROC % for the quarter that ended in Mar. 2024 was 33.00%. Parkin Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1,114.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Parkin Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.36%.

Parkin Co EBIT Historical Data

The historical data trend for Parkin Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Parkin Co EBIT Chart

Parkin Co Annual Data
Trend Dec21 Dec22 Dec23
EBIT
219.90 315.92 394.63

Parkin Co Quarterly Data
Dec21 Dec22 Mar23 Dec23 Mar24
EBIT - - 99.21 - 125.33

Competitive Comparison of Parkin Co's EBIT

For the Infrastructure Operations subindustry, Parkin Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Parkin Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Parkin Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Parkin Co's EV-to-EBIT falls into.


Parkin Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ125.3 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Parkin Co  (DFM:PARKIN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Parkin Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=557.592 * ( 1 - 8.99% )/( (1528.3 + 1547.214)/ 2 )
=507.4644792/1537.757
=33.00 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1863.103 - 380.919 - ( 118.459 - max(0, 447.915 - 401.799+118.459))
=1528.3

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2065.624 - 457.283 - ( 102.862 - max(0, 540.167 - 601.294+102.862))
=1547.214

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Parkin Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=501.308/( ( (51.975 + max(-210.98, 0)) + (37.97 + max(-236.475, 0)) )/ 2 )
=501.308/( ( 51.975 + 37.97 )/ 2 )
=501.308/44.9725
=1,114.70 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(176.349 + 0 + 55.049) - (380.919 + 0 + 61.459)
=-210.98

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(228.718 + 0 + 68.426) - (457.283 + 0 + 76.336)
=-236.475

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Parkin Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=125.327/9220.262
=1.36 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Parkin Co EBIT Related Terms

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Parkin Co (DFM:PARKIN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Parkin Co (DFM:PARKIN) » Definitions » EBIT
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Traded in Other Exchanges
N/A
Address
Marrakech Street, G+2 Building, Old Headquarters, Umm Al Ramool, Plot number 215-246, P.O. Box 118899, Dubai, ARE
Website
https://www.parkin.ae
Parkin Co is a provider of paid parking facilities and services in Dubai. It operates across six operating verticals: (i) public on-street and off-street parking, (ii) public MSCPs, (iii) Developer-owned Parking Lots, (iv) permits and seasonal parking subscriptions, (v) parking reservations, and (vi) other services.

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